Verizon to submit a $3bn offer for Yahoo’s internet assets

According to sources, Verizon Communications Inc. plans to submit a second-round bid of around $3bn for Yahoo Inc’s core internet business.

It appears that private-equity firm TPG was also expected to submit a second round bid for the assets before Monday’s deadline.

Yahoo plans to conduct at least one more round of bidding before finalizing a bidder.

Source: Reuters